about selling of the imported machinery

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... about selling of the imported machinery
Query (Issue) Started By: - MEHUL ASHAR Dated:- 28-4-2012 Last Reply Date:- 30-4-2012 Central Excise
Got 2 Replies
Central Excise
Respected Sir, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... I have purchased an imported machinery in the year 2010-11 & have taken credit of cvd+addl.duty(4%), now I want to sell that machinery to my other unit having same PAN so I have to depriciate the duty .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... at 2.5% quarter to the cvd,so same I have to depriciate to the addl.duty charged at 4% or not. Reply By Pradeep Khatri: The Reply: Total duty on which you had availed the CENVAT credit need to be c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... harged to depreciation @ 2.5% per quarter. Reply By Surender Gupta: The Reply: Yes, only 2.5% is required to depreciate. There is no requirement to consider add. duty separately.
Discussion For .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... um - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X